EFCC nabs two fraudsters with N45m fake notes in Abuja

EFCC nabs two fraudsters with N45m fake notes in Abuja lailasnews


Operatives of the Economic and Financial Crimes Commission (EFCC), have arrested two suspected fraudsters with N45m fake notes in Abuja.

The suspected money-doublers, Badamasi Sule and Muhammad Muhammad, were picked up for being in possession of counterfeit Naira notes totaling about N45 million.

They were arrested following actionable intelligence report which exposed a syndicate of fraudsters who specialize in printing fake N1,000 notes. They were also found to be in possession of fake $100 bills.

Investigations further revealed that two “Ghana-must-go bags” in their possession containing the N1,000 notes were shortly to be put into circulation. Their primary targets are bureaux de change operators, and unsuspecting members of the public.

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The syndicate is believed to be operating from Gashua, Yobe State, with its dispatch lodge being a hotel located in Abacha Estate, close to the Sheraton Hotel and Towers, Abuja.

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